G4S to reveal impressive growth despite London 2012 Olympics fiasco

Nick Buckles, the chief executive of G4S, is likely to be granted a "stay
of execution" on Tuesday as he unveils impressive growth at the
company, despite the fiasco over its Olympic Games contract.

Just weeks before the opening ceremony, G4S admitted it had failed to recruit the full 10,400 staff it had promised under the terms of its Olympic contract. The Government was forced to send in thousands of soldiers to make up the short-fall.Photo: Getty

The security boss, who was last month lambasted by MPs after G4S failed to recruit enough staff for the Olympics, is expected to announce that the company grew by around 7pc in the first six months of the year. Mr Buckles and his team are hoping the first-half results will be enough for him to keep his job, despite an "exceptional" hit of up to £50m as a result of the Olympic failures.

Just weeks before the opening ceremony, G4S admitted it had failed to recruit the full 10,400 staff it had promised under the terms of its Olympic contract. The Government was forced to send in thousands of soldiers to make up the short-fall.

MPs on the House of Commons home affairs select committee led calls for Mr Buckle's resignation. But shareholders have signalled that they are willing to reserve final judgment until at the least the conclusion of an official review of the failures being conducted at the moment by PricewaterhouseCoopers.

Mr Buckles is expected to appear at a second Home Affairs Committee hearing next month.

Despite the Olympics fiasco analysts are expecting G4S to report a rise in revenue to about £3.95bn from £3.76bn in the first half of 2011.